Global Ethoxylates Market: Introduction
Ethoxylates are organic compounds manufactured by the treatment of alcohols and phenols with ethylene oxide in the presence of potassium hydroxide as a catalyst. Ethoxylates are used as intermediates during the manufacturing of surface cleaners, detergents, cosmetics and paints. Textile processing, agriculture, paints & coatings, personal care and pulp & paper industries are some of the major end-users of ethoxylates. Ethoxylates are primarily used in industrial applications owing to their high water solubility, low aquatic toxicity, good formulation and excellent wetting ability. Additionally, ethoxylates are also used as emulsion stabilizers during the processing of emulsion polymers, floor polishes and wax, as they rapidly dissolve and provide ionic stability to the emulsion. The demand for ethoxylates is being primarily driven by the growing textile processing, paints & coatings and personal care industries. Ethoxylates are used as surfactants in various process operations, such as dyeing, scouring and lubrication, in the textile processing industry. They also help in the removal of impurities during cleaning of fibers, thereby helping in creating good quality fabrics. Moreover, the cosmetic & personal care industry is another driving factor anticipated to influence the demand for ethoxylates in the near future. Ethoxylates are used as solvents during the preparation of cosmetic products as they possess high emulsifying and water solubility characteristics. Furthermore, ethoxylates are non-ionic in nature and they offer high chemical stability and hence, are preferred over other surfactants that do not dissolve in water.
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Global Ethoxylates Market: Dynamics
Expansion of agricultural industries and households, especially in developing economies, will create new opportunities for the growth of the ethoxylates market during the forecast period. On the other hand, growing environmental concerns related to the toxic effects of ethoxylates and expansion of raw material feedstock by other end users may hamper the growth of the market.
Global Ethoxylates Market: Regional Outlook
In terms of global demand, Europe is estimated to be one of the largest producers of ethoxylates across the globe. However, the market growth in Europe is anticipated to become stable due to various governmental regulations in near future. North America is expected to portray a similar scenario as this region has developed markets. Asia Pacific is proposed to experience faster growth during the forecast period due to the rising demand for ethoxylates for household applications and from the personal care industries. Moreover, changing consumer lifestyle and rising disposable income are the other key factors supposed to fuel the demand for ethoxylates in China and India. Latin America is anticipated to create favorable opportunities over the next few years, this is mainly due to increasing foreign investments and growth in the regional population.
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Global Ethoxylates Market: Market Participants
Some of the market participants involved in the manufacturing of ethoxylates are:
- The DOW Chemical Company
- Basf S.E.
- Royal Dutch Shell PLC
- Huntsman International LLC
- Stepan Company
- Clariant AG
- Sasol Limited
- India Glycols Limited (IGL)
- Ineos Group Limited
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- Latin America (Mexico, Brazil)
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